Published date | 22 August, 2019

The Year Boys Became Men

Last quarter, Q4 FY18, was a path-breaking quarter for Square Yards on multiple fronts – key operating metrics, unit economics, rationalizing cost structures, improving productivity, tightening of processes and synergies with technology.

Last quarter, Q4 FY18, was a path-breaking quarter for Square Yards on multiple fronts – key operating metrics, unit economics, rationalizing cost structures, improving productivity, tightening of processes and synergies with technology. First things first, the numbers that matter the most – for FY18, SQY achieved USD 27 mn Gross Revenue, USD 23 mn Net Revenue, Gross Transnational Value of USD 725 mn, 12k transactions. These are staggering numbers (with only 4 years of existence) relative to the sector and clearly propel SQY in the newer trajectory, far ahead of any organized competition in the country.

First things first, the numbers that matter the most – for FY18, SQY achieved USD 27 mn Gross Revenue, USD 23 mn Net Revenue, Gross Transnational Value of USD 725 mn, 12k transactions. These are staggering numbers (with only 4 years of existence) relative to the sector and clearly propel SQY in the newer trajectory, far ahead of any organized competition in the country.

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Square Yards is a technology-enabled, global real estate aggregator and India’s largest player for primary residential real estate. It’s subsidiary Square Capital is one of the largest marketplace for secured mortgages in India. Square Yards platform offers an integrated consumer experience & covers the full real-estate journey from search, discovery to research, transactions, home loans and post-sales service – fully integrating buyers to an extensive network of 500+ partner real estate developers, and 90+ banks & NBFCs. Square Yards is led by accomplished professionals, ex-bankers, and Ivy school alumni and is backed by the competence of more than 2500 employees in 30 cities and ten countries.